Chinese billionaire Guo Guangchang’s Shanghai-based Fosun Pharmaceutical Group has approached several private equity firms to buy its stake in Hyderabd India-based Gland Pharma according to a report in Money Control Reportedly, Advent International, Baring Private Equity Asia, Bain Capital, Blackstone, Carlyle and KKR are among those who have been approached....
Cargill Builds Chocolate Factory in India
Cargill will produce 10,000 tons of chocolate products at a new factory e in western India that will open in 2021. The Minnesota based giant will partner with an unnamed Indian company to build and run the plant. “Asia is a key growth market for Cargill. Opening a chocolate manufacturing...
MG Motor U.K. to Launch SUVs, EVs in India
British automotive company MG Motor U.K. Limited, a subsidiary of Shanghai-based SAIC Motor, will begin production of its SUV Hector in India in the second quarter of 2019. The company has set up its manufacturing facility in Halol, Gujarat, and plans to begin production with over 75 percent localization. MG...
In China, Tariff Woes Result in a Shift in Manufacturing
China's era as the low-cost manufacturing center of the world is under some pressure. Over the years, profits began to reduce due to rising costs, tighter regulations, and Chinese government policies. Manufacturers have been experiencing the squeeze as China shifts its priorities from lower-end manufacturing to high technology industries as...
India to Host its Own Mobile World Congress
The Cellular Operators Association of India announced that it will host the Mobile World Congress with the support of India's Department of Telecom and the Ministry of Electronics and IT from September 27 to 30 this year. It will be a 3-day event at Pragati Maidan in New Delhi, and...
Youzu Interactive Sets Up India Operations
Shanghai headquartered Youzu Interactive will invest $10 million to set up its India operations in Pune, 90 miles east of Mumbai, from where it plans to launch local-to-India casual strategy games this year. Media and entertainment industry analysts said Youzu Interactive is the first international entity to enter the Indian gaming...